As we have clearly seen, the Canadian dollar has grown weak for quite some time. This has caused XXXCAD pairs to grow in price. We just saw a sharp bust through this level with price immediately returning to it. We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.
eurcad sell : Reasons : 1)my ema lines confirmation(dont ask guys its secret) 2)nice pattern trend 3)naked candles will be appearing but wait for more confirmations until we update here take profit : green line stop loss : red line
We could have a possible sell on 1.493617 - 1.492296 zone
EurCad buy : TP : Green Line SL : Red Line Blue Line is the start point
EURCAD Is Another Pair Setting Up For A Nice Move... Looking For Sell SetUps With This Pair In The Coming Days Might Just Prove Profitable. Move/Trend Up Is Currently Losing Momentum & I Am Expecting The Market To Respect This Levels. Ideal Trade Indicated on Chart With SL & TP INidcated. However You Can Alternatively Look For Your Sell Set Ups.
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
Welcome back Traders, Investors, and Community! Hi Traders, EURCAD on H4 has broken below the Support line and has already done the retest, got rejected with a large red candle. It's expected to go lower to 1.4581 ⬇️Sell now or Sell at 1.469 ⭕️SL @ 1.4756 ✅TP1 @ 1.4581 ✅TP2 @ 1.4456 We will have more FREE forecasts in TradingView soon ❤️ Your Support is...
Eur/Cad has bounced off of a key resistance level and should move lower to 1.4572 with a stop at 1.4680.
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Follow up on #EURCAD I might have a possible way to sell the EURO against the CAD at a very strong resistance level if the rules are met. As you can see we have a strong resistance level near 1.4800 good for looking for a sell trade for a...
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
Dinner time trade catch up and this trade is progressing nicely. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in...
Hi everyone! EURCAD is facing bullish pressure from our ascending trend line and could see a further upside here. Our entry is in line with the 78.6% retracement with stop loss placed slightly below the previous low. Take profit targets are at -27.2% retracement and -61.8% retracement respectively. What are your thoughts on EURCAD?
Hi everyone! EURCAD broke out of its descending trend line and right now we could see a pullback to test our entry. We placed our entry at the 61.8% fibonacci retracement, stop loss below the recent low. The take profit targets are based off the recent high and -27.2% retracement as the second target. What are your thoughts on EURCAD?
===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022. 2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's Pandemic...
===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery. 2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany. 3️⃣ Industrial...
Prices are pushing down to make a lower low. If prices break through entry in line with 61.8% Fibonacci retracement and 50% Fibonacci extension fibonacci confluence area, prices might push down further towards horizontal swing low support in line with 100% Fibonacci extension. If prices bounce from fibonacci confluence, prices might push up towards horizontal...